If you're looking to capitalize on short-term market movements and identify coins that could pump within the next 15 minutes to 1 hour, this strategy is designed for spot trading and works best for scalping. To maximize your profits and minimize losses, follow the steps carefully without skipping any.
Step 1: Spotting the Right Coin
1. Open the Binance app and navigate to the Markets section.
2. Divide your total trading capital into three equal portions.
3. Set the market chart to a 1-hour time frame and sort the coins by Top Gainers using the dropdown menu.
4. Analyze the top-gaining coin and switch to the 5-minute time frame to evaluate its trend:
If the coin’s price is falling after reaching a recent high, skip it.
If the price is rising steadily and has increased by 3-5% in the last hour, it may be a good candidate for investment.
5. If the first coin doesn’t meet these criteria, repeat the process with the second-highest gainer.
Step 2: Investing Smartly
Once you’ve identified a promising coin:
Use the first part of your funds to buy at the current price.
If the price drops by 2%, invest the second part of your funds.
If the price falls another 2%, deploy the third part of your funds.
In this scenario:
Exit the trade at your average entry price to avoid losses if the coin fails to rise.
If the price moves up as expected, set your Take Profit (T.P.) at 3-5% gains.
Pro Tips for Success
Stick to the rules: This strategy works best when executed with discipline.
Be prepared for variability: On average, you can expect 5-7 profitable trades out of 10, with the remaining trades breaking even or yielding minor losses.
Avoid emotional trading: Focus on analyzing trends and market data carefully.
By following this structured approach, you can make your trades more predictable and profitable over time.
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